Northwire Canada EditionThursday, November 12, 2026
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Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7% Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7%
Production / Operations

Atico Reports 2025 Fourth Quarter and Full Year Production Results

El Roble Turnaround Validated: 2026 Guidance Signals Cash Flow Recovery, But Debt Wall Looms

By The Northwire Desk — AI Analysis Jan 22, 2026 · 16:30 ATY · 0.28 Atico Mining Corporation
Executive Summary

Atico Mining released its Q4 and Full Year 2025 production results on January 22, 2026. * Production Drop: Full-year 2025 copper production was 9.23M lbs, a steep 32% decrease year-over-year. Gold production dropped 12% to 8,013 oz. * Q4 Recovery: Q4 2025 showed improved momentum with 2.6M lbs Copper and 2,203 oz Gold, marking the best quarter of the year. * 2026 Guidance: Management forecasts a significant rebound for 2026: * Copper: 11.5M – 12.5M lbs (Approx. 25-35% increase over 2025). * Gold: 9,000 – 10,000 oz. * C1 Cash Cost: $1.50 – $1.60 per pound (highly competitive). * La Plata Project: A construction decision is targeted for Q2-Q3 2026 following permitting completion.

Material Impact

This release is positive as it confirms the operational "bottom" was likely hit in mid-2025. The company’s narrative of a "transitional year"—migrating mining operations to the upper parts of the El Roble mine—appears validated by the improved Q4 metrics. * Positives: The 2026 guidance suggests a return to historical production norms. With C1 cash costs projected at $1.50-$1.60, and assuming a prevailing copper price above $4.00, Atico should generate significant operating margins necessary to service its heavy debt load. * Negatives: The 32% drop in 2025 copper production undoubtedly strained cash flow during a critical period where the company faces arbitration payments and debt servicing. The company has no room for error in 2026; the projected production increase must materialize to fund liabilities.

ATY · Price
Company Overview

Atico Mining is a Canadian-based operator focused on copper-gold projects in Latin America. * Flagship Asset (Producing): El Roble Mine (Colombia). A high-grade underground copper-gold mine. It has historically been a cash cow but suffers from a short mine life (currently projected to ~2027/2028). The company recently secured a critical 30-year mining title renewal in May 2025, removing an existential threat. * Development Asset: La Plata (Ecuador). A high-grade VMS project. It is currently in the permitting phase with a construction decision expected in 2026.

Read the original news release →

More from Atico Mining Corporation

Nov 10, 2026 · 17:00

Atico’s La Plata permitting milestone clears the path for a q1 2027 construction start.

Production / Operations Nov 04, 2026 · 16:30

Atico advances La Plata pre-construction while El Roble production continues despite missing cost guidance.

Production / Operations Oct 28, 2026 · 07:25

Atico reports 7.65% copper in the El Roble infill drilling, though mine-life calculations remain pending reserve updates.

Drill Results Oct 22, 2026 · 17:10

Trafigura files to formalise a 19.9% diluted stake in Atico with no new operating news reported.

Other Oct 22, 2026 · 09:24

Atico reports improved El Roble grades and gold recovery as La Plata financing closes, though a one-year reserve cliff remains.

Production / Operations Oct 15, 2026 · 16:30

Atico clears legacy debt and secures Trafigura funding to advance construction of its La Plata project.

Financings